Filing Flows › Freedom Holding (FRHC) › Q1 FY26
Freedom Holding (FRHC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 8, 2025
Freedom Holding (FRHC) reported revenue of $524M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +76% from the quarter before. Operating margin was 9.1%, net earnings $30.4M (5.8% of revenue).
Freedom Holding, Q1 FY26: revenue $524M (+15% year over year), operating margin 9.1%, net earnings $30.4M, operating cash flow $481M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $524M | +76% | +15% |
| Operating profit | $47.5M | — | +14% |
| Net earnings | $30.4M | — | -11% |
| Operating cash flow | $481M | -64% | -44% |
| Free cash flow | $450M | -66% | -46% |
What changed
Revenue was $524.0M in Q1 FY26, up 15% year over year and up 76% from the previous quarter.
Operating profit was $47.5M, a 9.1% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 9% margin then. Total costs grew 15% against revenue growth of 15%. The fastest-growing cost line was Cost of revenue (+225%). Net earnings were $30.4M, down 12% year over year. The effective tax rate was 25.0%.
Operating cash flow was $480.8M (down 44% year over year), 1582% of net earnings. Non-cash charges added back $6.1M of depreciation and amortization and $23.1M of share-based compensation. Working capital and other items added $421.3M. Capital expenditures of $30.8M left free cash flow of $450.0M.
Questions
What was Freedom Holding's revenue in the first quarter fiscal 2026?
Freedom Holding (FRHC) reported revenue of $524M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +76% from the quarter before.
Was Freedom Holding profitable in the first quarter fiscal 2026?
Operating profit was $47.5M (9.1% of revenue) and net earnings $30.4M.
Source: Freedom Holding 10-Q on SEC EDGAR.